Allowing wages to be at the market value of the work done while providing basic needs via a tax-supported program is better, all-around, than stopping low-value work from being economically viable by way of a mandatory minimum wage, and then supporting the people put out of work by the minimum wage by way of a tax-supported means-tested programs.

It is a more efficient way of serving the same anti-poverty goals that minimum wage + meas-tested welfare programs aim to serve, which also provides a better set of opportunities for people living on solely the minimum safety net program at one point in time to progress to participate in the economy to the extent of their desire and ability.